Market Regulator Issues Disclosure Norms for Issuing Green Debt Securities

Market Regulator Issues Disclosure Norms for Issuing Green Debt Securities

Corporate entities will have to outline the process followed to determine how projects and assets fit within the eligible green project categories for issuing and listing debt securities. The Securities ...
/ / Finance and M&A, Other
Abu Dhabi’s IHC to Invest $400 Million in Adani’s Share Offer

Adani Enterprises to Return Abu-Dhabi-Based IHC’s $400 Million Investment

(This article updates the previous story from January 31, 2023, to include Adani's announcement of FPO withdrawal) Adani Enterprises will return the recently announced investment of AED 1.4 billion (~$400 ...
TotalEnergies Sells Half of $300 Million Renewables Portfolio

TotalEnergies Sells Half of $300 Million Renewables Portfolio

France-based energy conglomerate TotalEnergies said it has sold 50% of a 234 MW portfolio of renewable projects to insurance group Crédit Agricole Assurances. The company said that the transaction implied ...
/ / Finance and M&A, Other
EU Seeks to Counter US and China with a €250 Billion Green Industrial Plan

EU Seeks to Counter US and China with a €250 Billion Green Deal Industrial Plan

The European Commission has published the Green Deal Industrial Plan based on the idea of developing a ‘Single Market,’ which will utilize €250 billion (~$274.96 billion) of existing EU funds ...
Siemens Gamesa’s Q1 Net Loss Widens to €884 Million on Higher Service Costs

Siemens Gamesa’s Q1 Net Loss Widens to €884 Million on Higher Service Costs

Spain-based wind turbine maker Siemens Gamesa’s net loss widened to €884 million (~$971.9 million) for the first quarter (Q1) of the financial year (FY) 2023 compared to €403 million (~$443.2 ...
/ / Finance and M&A, Other, Wind
Wind Developer Orsted Swings to $48.2 Million Loss in Q4 Due to Project Delays

Wind Developer Orsted Swings to $48.2 Million Loss in Q4 Due to Project Delays

Denmark-based wind developer Orsted swung into a loss of DKK 329 million (~$48.19 million) in the fourth quarter (Q4) of the financial year (FY) 2022, compared with a net profit ...
/ / Finance and M&A, Wind
REC India’s Q3 Net Profit Rises 3.6% YoY to ₹28.7 Billion on Improved Asset Quality

REC India’s Q3 Net Profit Rises 3.6% YoY to ₹28.7 Billion on Improved Asset Quality

Government-owned power sector lender REC India posted the highest-ever quarterly net profit at ₹28.78 billion (~$351.37 million) in the third quarter (Q3) of the financial year (FY) 2022-2023, up 3.8% ...
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Funding and M&A Roundup Energy Storage Firm Aypa Power Secures $320 Million Debt Funding

Funding and M&A Roundup: Energy Storage Firm Aypa Power Secures $320 Million Debt Funding

From: Mercom Capital Group Aypa Power, a developer, owner, and operator of energy storage and hybrid generation assets has secured a corporate credit facility worth $320 million. The credit facility ...
/ / Finance and M&A, Other
IndiGrid’s Q3 Profit Rises 27% to ₹1.19 Billion on the Back of Acquisitions

IndiGrid’s Q3 Profit Rises 27% to ₹1.19 Billion on the Back of Acquisitions

IndiGrid, the Indian power sector’s first infrastructure investment trust (InvIT), said its profit jumped 27% year-over-year (YoY) to ₹1.19 billion (~$14.59 million) in the third quarter (Q3) of the financial ...
/ / Finance and M&A, Grid, T&D
OX2 to Develop 1.4 GW Offshore Wind Projects in Finland

OX2 to Develop 1.4 GW Offshore Wind Projects in Finland

OX2, a Swedish renewable energy company, said it would develop offshore wind projects amounting to 1.4 GW in the Gulf of Bothnia in the Finnish economic zone. The wind farm ...
/ / Finance and M&A, Wind
NextEra’s Clean Energy Business’ Net Income Up 17% YoY in Q4 2022

NextEra’s Clean Energy Business’ Net Income Up 17% YoY in Q4 2022

The U.S.-based energy company NextEra Energy reported a net income of $1.52 billion for the fourth quarter (Q4) of 2022, up by 26.41% year-over-year (YoY), driven primarily due to successful ...
Tesla’s Q4 Profit Up 19% YoY, Solar & Storage Revenues Rise to $1.31 Billion

Tesla’s Q4 Profit Up 19% YoY, Solar & Storage Revenues Rise to $1.31 Billion

Tesla recorded a revenue of $24.32 billion from all its businesses in the fourth quarter (Q4) of 2022, a year-over-year (YoY) of 37% compared to $17.72 billion in the previous ...
Funding and M&A Roundup SunRoof Raises $30.8 Million to Fund Expansion Plans

Funding and M&A Roundup: SunRoof Raises $30.8 Million to Fund Expansion Plans

From: Mercom Capital Group SunRoof, a Sweden-based rooftop solar systems provider, announced a €13.5 million (~$14.6 million) extension with a new investment taking its total growth funding round to €28.5 ...
/ / Finance and M&A, Other
Project Finance Brief: Sol Systems Acquires 190 MW Solar Project in Texas

UAE’s Masdar to Develop 5 GW Renewable Energy Projects in Africa

UAE government-owned renewable energy company Masdar has signed agreements with Angola, Uganda, and Zambia to develop renewable energy projects with a combined capacity of up to 5 GW to help ...
Hexicon Inches Closer to Developing 7.1 GW Offshore Wind Projects in Italy

Hexicon Inches Closer to Developing 7.1 GW Offshore Wind Projects in Italy

Italy's transmission system operator (TSO) Terna SpA has approved six of Sweden-based Hexicon's seven proposed floating wind power projects for connection to the national grid. Terna's interconnection permit is a ...
/ / Finance and M&A, Wind
JSW Energy’s Q3 Profit Dips 45% YoY to ₹1.8 Billion

JSW Energy’s Q3 Profit Dips 45% YoY to ₹1.8 Billion

JSW Energy, an independent power producer, posted a 45% year-over-year (YoY) drop in its profit at ₹1.8 billion (~$22.2 million) for the third quarter (Q3) of the financial year 2023, ...
/ / Finance and M&A, Other
Battery and Fuel Cell Firm Log 9 Raises $40 Million in Series B Funding

Battery and Fuel Cell Firm Log 9 Raises $40 Million in Series B Funding

Bengaluru-headquartered advanced battery and fuel cell technology company Log9 Materials has raised $40 million as part of its Series B funding led by Amara Raja Batteries and Petronas Ventures. The ...
Government Sets IREDA a Revenue Target of ₹33.61 Billion for FY23

Government Sets IREDA Revenue Target of ₹33.61 Billion for FY23

The Government of India has set a revenue target of ₹33.61 billion (~$414 million) for the financial year (FY) 2022-23 for Indian Renewable Energy Development Agency (IREDA), 18% higher than ...
RBI to Auction First Tranche of Green Bonds Worth ₹80 Billion on January 25

RBI to Auction First Tranche of Green Bonds Worth ₹80 Billion on January 25

The government has announced the sale of sovereign green bonds (SBG) worth ₹80 billion (~$986 million) through an auction by the Reserve Bank of India, Mumbai, on January 25. The ...
/ / Finance and M&A, Other
Funding-and-MA-Roundup-Solar-and-Battery-Leasing-Firm-Enpal-Raises-233-Million

Funding and M&A Roundup: Solar and Battery Leasing Firm Enpal Raises $233 Million

From: Mercom Capital Group Enpal, a German-based solar and battery leasing solutions company, secured €215 million (~$233 million) in series D funding led by TPG Rise Climate to support the ...
/ / Finance and M&A, Other
India’s Projected Renewable Capacity During 2027-32 to Cost $153 Billion

India’s Projected Renewable Capacity During 2027-32 to Cost $153 Billion

The estimated funding requirement for renewable capacity addition in line with Draft National Electricity Plan released by Central Electricity Authority (CEA) will be ₹12.5 trillion ($153 billion) during the 2027-32 ...
Hive Energy to Seek $4 Billion Funds for Solar and Battery Projects

Hive Energy to Seek $4 Billion Funds for Solar and Battery Projects

The United Kingdom-based renewables company Hive Energy said it will seek direct investment of $4 billion for over 4 GW of proposed co-located solar and battery storage projects across 30 ...
Scheduled Banks’ Loans to Renewable Projects Up 113% in April-Nov Period

Scheduled Banks’ Loans to Renewable Projects Up 113% in April-Nov Period

The loans to the renewable energy projects disbursed by the scheduled commercial banks stood at ₹41.77 billion (~$507.19 million) as of November 2022.  This is a 113% year-over-year jump in ...
Tech Firm Entuple E-Mobility Secures $3 Million in Pre-Series A Funding

Tech Firm Entuple E-Mobility Secures $3 Million in Pre-Series A Funding

Electric powertrains technology company Entuple E-Mobility has raised $3 million in pre-series A funding from Blue Ashva Capital and Capital A, to enhance the company’s research and development (R&D) capabilities ...
Energy Firm ENGIE Raises €2.75 Billion Through Green Bonds

Energy Firm ENGIE Raises €2.75 Billion Through Green Bonds

France-based energy firm ENGIE said it has raised €2.75 billion (~$2.9 billion) after the successful closing of its triple-tranche green bond issue. The transaction delivered an average coupon rate and ...